Newcastle’s greatest success came a century ago, when it won three English league titles and reached the F.A. Cup final five times between 1905 and 1911. After a long period of scant achievement, the Magpies repeatedly show stuttering signs of revival.

But the club is still searching for a league title they haven’t won since 1926-27, and which their fans, the Toon Army, crave.

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Newcastle have 43% debt to value rating which means that we still have debts of $129M which is around Â£65M. The revenue of the club was $175M which is about Â£87M.

Newcastle are valued at around $300M which is good news for owner Mike Ashley because that’s around Â£150M, about Â£17M more than he paid for the club. Of course Mike has pumped a lot more money into the club since he bought Newcastle United last summer.

We’re surprised we still owe Â£65M – since we thought Mike Ashley had paid that debt off – at least that’s what was reported.

Now isn’t Mike Ashley worth Â£1.9b sterling, which at current exchange rate is nearly $3.8b?? if so, doens’t that make him richer than Spurts owner Joe Lewis, who has just lost $900m in the Bear Sterns Bank collapse in the State’s??
Anyhow, as its been pointed out, these figure were before Mike Ashley became a Multi Billionaire & brought the TOON, so not very aquarate!!!

Punk Skunk is right. Although some of the massive clubs have a huge amount of spending power they rely on shareholders and bank loans for finance. Real were almost bankrupt a few years ago. It took the Spanish National government to intervene! (they have the advantage of being a national institution!)

With Ashley here we have a man who wants to make the club his own. Keegan will be well financed this summer. I can’t wait to see who he brings in.

In honor of two dedicated Newcastle fans, who lost their lives supporting Newcastle United, when their passenger jet was shot down over Ukraine on Thursday July 17th, 2014 by rebels, as they were traveling to support the team in New Zealand.

We will never forget them.

Health Update - 1 August, 2015

I must admit I hold my breath every six months as I go through medical tests to measure my PSA count.

But good news early last week that the PSA count is still undetectable, and that means the prostate cancer is still under control, and there is no trace of cancer in the body.

Ed Harrison

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Fantasy League

Thanks to reader Lewis Spiers, who has kindly set up the Fantasy League for our readers.

“Not the buildings or the directors or the people who are paid to represent it.

It’s not the television contracts, get-out clauses, marketing departments or executive boxes."

“It’s the noise, the passion, the feeling of belonging, the pride in your city."

“It’s a small boy clambering up stadium steps for the very first time, gripping his father’s hand, gawping at that hallowed stretch of turf beneath him and, without being able to do a thing about it, falling in love.”